IEA Chief Operating Officer and Energy Analyst Andy Mayer has been quoted in The Times responding to the government’s announcement that windfall taxes will be reduced once oil prices fall below the 20-year average.

Andy said:

“While any relief of windfall taxes is welcome, this effort is too little, too late. Even with these changes the windfall tax will continue to make Britain less competitive and destroy investment.

“The government’s assault on the North Sea last year gave the Labour opposition permission to adopt the policies of the hard left, proposing to ban all new drilling. The UK remains a very poor investment prospect until this changes.”

Read the full article here.

Andy was also quoted in The i and Daily Business.